Debt Management
Credit Card Payoff Calculator
Enter your outstanding balance, annual percentage rate (APR), and monthly payment amount to estimate your debt-free timeline and total interest charges.
Your Details
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Use the annual finance charge rate shown on your credit card statement (typically 36%–45% p.a.).
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Interest is compounded monthly for estimation; new purchases, late fees, cash advance charges, and 18% GST on interest are excluded. Minimum payment calculations vary by issuing bank.
Estimated Payoff Timeline
-- Months
Update inputs to calculate payoff timeline.
Total Interest Payable
₹ 0
Total Amount Payable
₹ 0
First Month Payment
₹ 0
Monthly Payoff Schedule
Showing the first 12 months of your repayment plan.
Total Principal: ₹ 0
| Month | Opening Balance | Interest | Payment | Closing Balance |
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Key Assumptions
- Annual Percentage Rate (APR) is divided by 12 and compounded on a monthly reducing balance basis.
- Assumes no additional purchases, balance transfers, or cash advances are made during the payoff period.
- Late payment fees, annual card charges, and 18% GST on finance charges are not included.
- Paying only the minimum due substantially increases cumulative interest and can trap you in debt for decades.